If you’re looking for a platform to trade on the Forex market, the following are some of the best options. All offer their own set of advanced features and trading tools. Many have built-in indicators, while others offer customizability. Some have a mobile app, while others are web-based.
cTrader: This well-known trading platform is both visually appealing and highly functional, with excellent technical charting capabilities. Many brokers offer cTrader as an option to their clients. cTrader is also the preferred platform of scalpers and day traders who are looking for an advanced platform with quick order execution. It also offers support for forex trading signals, expert advisors, and trading robots.
OANDA: This company was founded in 1996 and is a top retail forex broker. It also has its own trading software. Oanda’s web platform has sophisticated technical analysis tools and uses price feeds from 25 central banks. In addition, it has a mobile app and a browser-based platform.
The best forex trading platforms can be confusing, so it is important to choose a platform that is easy to use and has good user-experience. Look for platforms with clear fee structures and minimal minimums. Make sure your platform is regulated by the regulatory body in your country. Also, make sure your broker has its own policies regarding deposits and withdrawals. Most trading platforms offer support for checks and wire transfers, though some may charge fees for withdrawals.
This Plus500 review focuses on the WebTrader trading platform, which is licensed in South Africa and New Zealand. The platform offers three basic types of orders, ranging from market orders to stop loss orders. A market order is a specific request to buy or sell a currency pair, while a stop order is an order to sell or buy at a pre-set level. Clients can choose whether their stop order will expire on the same day or at a later date.
This plus500 platform offers trading in over 50 countries and is available in more than 30 languages. It is regulated by the Financial Conduct Authority in the UK and the CySEC in Cyprus. It is also registered with the Monetary Authority of Singapore and the Financial Services and Markets Authority of Australia. Though Plus500 does not offer real stocks, it does offer CFDs, or contracts for difference, allowing customers to invest in stock indexes and ETFs.
In the UK, the impact is expected to be minimal, but in other nations, the impact will be felt for years. It is important to note that the outbreak has a huge impact on global trade and travel. Investors are concerned that the outbreak will lead to a prolonged period of uncertainty. However, the situation is improving and traders should look forward to a more stable trading environment. The UK’s efforts to contain the virus have been a major contributor to spooking investors.
Plus500 also has a great platform for beginner traders. The WebTrader is designed to be easy to use and provides a visually appealing trading experience. However, it lacks some important features for day traders and algorithmic traders. Beginners can use the demo account to test the waters before making a live trade.